SoFi Technologies announced that its U.S.-dollar-pegged stablecoin, SoFiUSD, is now available to 14.7 million members within the SoFi app. Users can buy, sell, hold, and exchange SoFiUSD within the app. SoFi says this is the first time a stablecoin issued by a nationwide bank has been embedded into a retail banking interface in the United States. SoFiUSD initially runs on Ethereum and Solana, and SoFi plans to add FDIC-insured tokenized deposits, cross-border transfers, and Bullish exchange integrations for institutional clients in the coming weeks. (The Block)

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